There are many indicators of economic health in a state, including job growth, capital investment and new real estate development to name a few.
But a recent report from the Economic Innovation Group has analyzed economic dynamism through another lens: the number of new firms born versus the number of new firms that die. Essentially, a region is economically dynamic if more firms are born than die. By this measure, we are a nation in decline – and there are broad implications for states like North Carolina.
By: Christopher Gergen and Stephen Martin, The News & Observer
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